Township
Cleveland
County
Cuyahoga County
State/Province
Ohio
Country
United States of America

Commercial Bank of Lake Erie, Cleveland, Ohio

Summary

First bank in Cleveland; chartered 1816. Failed, 1820, after Panic of 1819; revived 1832. During Panic of 1837, faltered but did not fail. Charter not renewed by state legislature, 1842. Bank closed and all assets distributed, by 1845. In January 1837, loaned $1,200 to Reynolds Cahoon, possibly as part of efforts to provide specie for the Kirtland Safety Society.

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